'Taiwan Sunbang' Pelosi to Meet TSMC Chairman Today... "Discussing Semiconductor Support Act"

[Image source=AP Yonhap News]

[Asia Economy Reporter Jeong Hyunjin] During her Asia tour, Nancy Pelosi, Speaker of the U.S. House of Representatives, made a sudden visit to Taiwan and is scheduled to meet with Liu Deyin, Chairman of Taiwan's TSMC, the world's largest foundry (semiconductor contract manufacturing) company, on the 3rd, according to a report by the Washington Post (WP) citing sources.

According to the report, Pelosi, who arrived in Taiwan the previous night, plans to discuss the recently passed semiconductor industry promotion bill in the U.S. Congress with Chairman Liu. This bill includes a plan to provide $52 billion (approximately 68 trillion KRW) in support for the semiconductor industry within the United States. Pelosi has been a leading voice in the House advocating for the passage of the semiconductor support bill.

The U.S. is emphasizing TSMC's importance in the semiconductor market and is strengthening cooperative relations. TSMC is currently constructing a large-scale factory in Arizona and is pushing for facility expansion. WP introduced that TSMC produces semiconductors used not only in U.S. military weapons such as the F-35 fighter jet and Javelin anti-tank missiles but also in major electronic devices like Apple products.

WP analyzed that the meeting between Speaker Pelosi and Chairman Liu exemplifies the significant role semiconductors play in the U.S. economy and security.

Meanwhile, amid growing concerns over a possible U.S.-China clash following Pelosi's visit to Taiwan and China's announcement of large-scale military exercises in a siege-style operation, Chairman Liu said in an interview with CNN the previous day that if China invades Taiwan, TSMC's factories would not only face operational difficulties but would also cause enormous economic turmoil for both countries, leading to the destruction of the global order beyond just the semiconductor industry.

This content was produced with the assistance of AI translation services.